‘The quality of entrepreneurship in India has increased exponentially’

Fuelling the growth of startups mushrooming across India are several venture capitalists.

One of them is Nexus Venture Partners, co-founded by Harvard Business School graduate Suvir Sujan. At Nexus, Sujan and his colleagues in Mumbai and Silicon Valley manage a capital of over US$1 billion and invest in early stage, technology- and data-led companies across a variety of sectors, including financial services, health care, consumer retail and education. High on the priority list are Indian companies with global ambitions, such as Druva, which works in advanced data protection for enterprise infrastructure, and Suminter Organics, a producer and exporter of grains, spices and cotton. Having been an entrepreneur himself—he set up Baazee.com and merged it with eBay in 2004—Sujan has watched the evolution in the business environment closely. “The quality of entrepreneurship in India has increased exponentially over the past decade. More smart college graduates are venturing out, corporate executives are using their experiences to start their own companies and professionals from the US are returning to launch companies in India, leveraging the technology talent here to serve global markets. This trend of quality entrepreneurs will continue. From a technology standpoint, the world sees a Made in India label very positively. Aside from software, people are also beginning to appreciate Indian- made products, from spices to scooters to shawls.”